
- NZD/USD tumbles to near 0.5630 in Thursday’s early Asian session, down 0.43% on the day.
- Weaker-than-expected New Zealand’s GDP data weighs on the Kiwi.
- The Fed announced a quarter-point cut to its key interest rate at its December meeting on Wednesday.
The NZD/USD pair attracts some sellers to around 0.5630 during the early Asian session on Thursday. The weaker-than-expected New Zealand’s Gross Domestic Product (GDP) data and hawkish rate cut by the US Federal Reserve (Fed) exert some selling pressure on the pair.
The downbeat GDP data puts New Zealand into the deepest recession since the initial Covid-related
Already have an account? Sign in
0 Comment